Modi Govt Offers ₹90,000 Collateral-Free Loan via Aadhaar for Small Businesses

• The Modi government's Pradhan Mantri Svanidhi Yojana provides financial support to street vendors and small business owners.
• Beneficiaries can avail a collateral-free loan of up to ₹90,000, sanctioned solely based on an Aadhaar card.
• The loan is disbursed in three phases: ₹10,000 initially, then ₹30,000, and finally ₹50,000 upon timely repayment.
• Timely EMI payments qualify for an interest subsidy of up to 7%, credited directly to the bank account.
• Applicants need a business certificate or municipal ID; applications can be made via pmsvanidhi.mohua.gov.in.

Why It Matters: The PM Svanidhi Yojana offers collateral-free loans up to ₹90,000 with Aadhaar for small businesses.